Yemen Syria and northern roads
Senator Feighan called for a foreign affairs debate on atrocities in Yemen and Syria, and also pressed for a transport debate on the lack of motorway links in the north west. Senator Ó Domhnaill backed the road concerns and criticised past funding cuts to the A5 project.
I will try not to do so. This week and in the weeks ahead many people will receive letters informing them that their loans with Ulster Bank, many of which are in arrears, have been transferred to Cerberus, a by-word for murky deals and money lost to the public purse. Project Eagle is an example of the massive discount given in the utmost secrecy. Many of the loans involve farmers and small businesses which have experienced difficulties during the financial crisis. No figure was released for the discount at which the vulture fund bought the loans and we will probably never know. Once again, we have no idea how much of a haircut the company received. In Britain there was a parliamentary investigation into the sale of Northern Rock and the total was £13 billion. It had failed to pass on reductions in interest rates to its customers. Now that the Government talks about recovery, it is deeply worrying that many people who have attempted to recover are at the mercy of ruthless vulture funds. We need more concrete action to help those in mortgage distress and this can be done. It was up to my colleague, Deputy Pearse Doherty, to introduce a Bill last week to remove the Statute of Limitations in the making of complaints against financial institutions. We, in Sinn Féin, are here to make progress and find solutions, regardless of the Government's inaction. It would be worthwhile if we could have the Minister for Finance or the Minister of State at that Department in the House in the near future to outline the Government's plans to protect mortgage holders from vulture funds.
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I join my colleagues in calling for a debate with the Minister for Foreign Affairs and Trade on the atrocities in Yemen and Syria. Ireland is very well placed as an independent arbiter to try to highlight these very difficult and gut-wrenching horrors. I look forward to having that debate.
We also need to bring the Minister for Transport, Tourism and Sport to the House. A map of the island shows motorways running to Belfast and Galway, but there is an area between Galway and counties Donegal, Sligo, Roscommon and over to Belfast that has no motorway or dual carriageway. We talk about the A5 and other roads. If we are serious about bringing the country together, we must bring these roads up to dual carriageway or motorway standard. While I can drive from Galway to Dublin in two hours, in coming here from Boyle and Roscommon one has to pass through two or three towns in which there is traffic. Such a development could help us to attract further jobs to the areas mentioned.
If one can be within two hours or an hour and a half of a major city, it will make sense. I know that some work has been done, but I do not think the NRA has been at the forefront in treating the issue with the respect and urgency it needs. I would be delighted if the Leader asked the Minister to come to the House to discuss these few outstanding roads issues.
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I support Senator Frank Feighan in his comments on interurban roads. He is dead right. The interurban road network serves most regions of the country well, but the north west is not served at all. There was a plan involving the A5 route, with a commitment from the Governments, North and South, to provide funding for a new 2+1 road network linking Donegal and Derry with Dublin. Of course, that project was shelved in 2011 by the then Minister for Transport, Tourism and Sport, Deputy Leo Varadkar, who cut the funding committed by the previous Government from over €400 million to around €50 million, which sum was to be used for design purposes. I am not having a go at the previous Government. All I am saying is there seems to be a lack of commitment on both sides of the Border to the A5 road project. The shift in Northern Ireland appears to be towards the link road from Derry to Belfast rather than the road which runs through Northern Ireland linking Donegal with Dublin. I would really welcome it if the Minister for Transport, Tourism and Sport came to the House to discuss the issue. The NRA is now known as Transport Infrastructure Ireland. I suppose it would provide the funding needed, but the difficulty is that capital funding has not been made available even in budget 2017 to meet the commitments that are required to be made. There is a need for political will on both sides of the Border to put the issue back on the agenda. I am glad that Senator Frank Feighan raised it because it is an important one. It would be welcome if the Leader brought the Minister here to talk not just about the route mentioned but also other interurban routes and bypasses around major towns. The Ballybofey-Stranorlar bypass and the Macroom bypass in west Cork are example of bypasses that have not been progressed but are at design stage. When will the funding be made available to progress these projects? Perhaps we might have a debate on all of these issues.